Nine spot Ethereum ETFs launched on July 23, raising $107M, but faced $341M outflows by July 26, mainly from Grayscale’s $1.5B exit. Key players: Grayscale, Franklin, Bitwise, and Fidelity, with Coinbase as custodian. Potential net flows could hit $15B in 18 months.
Solana (SOL) surged to $193, its highest since April, amid rising investor confidence. Futures open interest hit $3.25B, the highest since April, and ecosystem fees jumped to $2.13M with 1.22M active addresses. Key events like potential ETF submissions may impact prices further.
The Dutch finance ministry has denied the AFM’s requests for more funding to enhance crypto oversight, citing political unfeasibility. This decision raises concerns about inadequate supervision amid new European MiCa regulations. The AFM will focus on the highest risks to consumers and investors.
Crypto exchange One Trading, backed by Bitpanda, has received an Organized Trading Facility license from the Dutch Financial Markets Authority. This makes it the EU’s only platform for cash-settled perpetual futures on BTC and ETH. The exchange raised €30M in a Series A round.
BlackRock warns of investment scams using its name to target Bitcoin and Ether ETF investors. Scammers impersonate executives through fake emails and websites, offering false deals. Official emails end with “@blackrock.com.” Caution is urged as crypto scams surge.
El Salvador has proposed using Bitcoin for trade with Russia to bypass sanctions, despite Russia’s ban on crypto as legal tender. This comes amid efforts to facilitate financial transactions between the two nations. #CryptoNews
Elliot Gunton, 20, was sentenced to 43 months for stealing $900,000 from Coinbase users via fake sites. The phishing scheme affected over 500 accounts, with one victim losing $16,000. Gunton pleaded guilty to fraud and money laundering. Phishing remains a major crypto theft issue.
Brett (BRETT), the largest meme coin on Base Blockchain, surged over 12% to $0.1395. Its market cap exceeds $1.38 trillion, ranking it 71st among cryptocurrencies. Despite gains, BRETT is down 27.8% from its all-time high. #CryptoNews
Brevan Howard Digital launched BH Digital Solutions, led by ex-Coinbase trader Chris Rayner-Cook, to boost returns for blockchain and crypto mining firms. The unit’s debut follows a 20% asset increase to $2.3B in H1 2024, highlighting institutional growth in crypto.
Heather Morgan, aka Razzlekhan, was seen at the Bitcoin 2024 conference in Nashville, despite pleading guilty to the 2016 Bitfinex hack. Morgan’s presence at multiple Bitcoin events raises questions about her freedom before sentencing. #CryptoNews
Bitcoin Cash (BCH) surged 13% to $451, reaching a market cap of $8.75B. The rally, driven by Kraken’s distribution to Mt. Gox victims, highlights growing interest in affordable Bitcoin alternatives. BCH remains 88.3% below its all-time high. Global crypto market cap is $2.48T.
Decentralized finance (DeFi) TVL surged 72.8% to $94.1B in H1 2023, driven by institutional interest and spot Bitcoin ETF approvals. Bitcoin hit $73K before correcting to $67,235, up 6.5% in a week. Crypto market cap reached $2.27T, a 37% YTD growth.
Hong Kong politician Johnny Ng proposes a national Bitcoin reserve, inspired by Trump’s Bitcoin 2024 speech. Ng urges lawmakers to boost web3 industry development, positioning Hong Kong as a hub for technological innovation and financial resilience. #Bitcoin #Update
Blockchain platform Casper Network faced a significant security breach on July 27, 2024, leading to a precautionary halt of operations. Despite this, CSPR trading continues on exchanges, though at a 15% decline. The breach underscores ongoing crypto platform vulnerabilities. Updates are forthcoming.
